Published on 7/5/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $898,000 CS notes on Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 5 – Credit Suisse AG, London Branch priced $898,000 of 0% CS notes due July 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes above its initial level, the payout at maturity will be par plus the index gain.
If the index finishes flat or falls, investors will receive par.
Credit Suisse Securities (USA) LLC and Incapital LLC the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | Euro Stoxx 50
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Amount: | $898,000
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Maturity: | July 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus the index gain; otherwise, par
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Initial level: | 3,473.69
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Pricing date: | June 28
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Settlement date: | July 3
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Agents: | Credit Suisse Securities (USA) LLC and Incapital LLC
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Fees: | 1.05%
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Cusip: | 22552FGF3
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